The golf industry is seeing a surge in demand during the pandemic, with PGA Tour Superstore reporting a 55% increase in overall year-to-date sales compared with 2019. Demand is so high that suppliers are struggling to keep up, Dick Sullivan, CEO of PGA Tour Superstore, said on CNBC’s “The Exchange” on […]
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Stocks making the biggest moves midday: Nvidia, Lennar, Adobe and more
A sign is posted in front of the NVIDIA headquarters on May 10, 2018 in Santa Clara, California. Justin Sullivan/Getty Images Check out the companies making headlines in midday trading. Nvidia — Shares of Nvidia gained 2.3% midday, then closed 0.21% after Bank of America raised its price target on […]
Dow falls more than 500 points to close out its worst week since October
Stocks fell on Friday, with the Dow Jones Industrial Average posting its worst weekly loss since October, as traders worried the Federal Reserve could start raising rates sooner than expected. Economic comeback plays led the market sell-off. The blue-chip average dropped 413 points, bringing its week-to-date losses to 3.1%. The […]
Peter Thiel-backed psychedelic start-up’s shares pop in Wall Street debut
Shares of the Peter Thiel-backed psychedelic start-up Atai Life Sciences jumped Friday on its first day of trading on Wall Street. The newly listed Nasdaq stock opened up 40% before pulling back some. The German biotech’s initial public offering was priced Thursday night at $15 per share, the high end […]
Why this crypto CEO uses a simple and traditional investment strategy to build his bitcoin holdings
Bitcoin has had a whirlwind few months, surpassing the $60,000 mark for the first time ever in March before promptly tumbling down near $30,000 in less than three months. The volatility, stemming from a wide range of factors including Elon Musk’s tweets and a FBI raid on Russian hackers, has […]
Amazon Prime Day starts soon. These are the top deals so far
Amazon driver Shawndu Stackhouse delivers packages in Northeast Washington, D.C., on Tuesday, April 6, 2021. Tom Williams | CQ-Roll Call, Inc. | Getty Images It’s typically one of the biggest sales of the year. And in 2021, Amazon Prime Day could be even bigger. The annual two-day shopping event is […]
Morgan Stanley says Facebook is a top stock pick
Facebook CEO Mark Zuckerberg Drew Angerer | Getty Images Morgan Stanley analysts said in a Friday note that Facebook remains the top pick among large-cap social media stocks, with its investments and monetization efforts offsetting any near-term engagement drop-offs as the coronavirus pandemic nears an end. “We remain most positive […]
New Jersey has fully vaccinated 4.7 million people, a goal it met two weeks early, Gov. Murphy says
New Jersey Governor Phil Murphy (D) speaks at the Coronavirus press briefing in Trenton, New Jersey. Michael Brochstein | Barcroft Media | Getty Images New Jersey met its goal of fully vaccinating more than 4.7 million people who live, work and study in the state about two weeks before its […]
WHO says delta is becoming the dominant Covid variant globally
A joint Government and NHS public information display indicates that a Covid-19 Variant of Concern has been identified locally and provides guidance for residents on 11th June 2021 in Hounslow, United Kingdom. Mark Kerrison | In Pictures | Getty Images Delta, the highly contagious Covid-19 variant first identified in India, […]
Invitation Homes CEO says he’s not worried about a housing bubble despite price spikes. Here’s why
Invitation Homes CEO Dallas Tanner told CNBC on Friday the U.S. housing market remains “healthy,” downplaying concerns that the sharp rise in prices during the Covid pandemic is creating bubble-like conditions. In an interview on “Squawk on the Street,” Tanner said the supply-and-demand dynamics that have contributed to the feverish […]